Consolidated cash flow statement

Result of the period

Change in net underwriting provisions net

Change in underwriting receivables and liabilities

Change in deposit receivables and liabilities as well as in reinsurance receivables and liabilities

Change in other receivables and liabilities

Change in financial instruments recognised at fair value through profit and loss (incl. held for trading)

Gain/loss from disposal of investments

Depreciation/appreciation of all other investments

Change in pension, severance and other personnel provisions

Change in deferred tax asset/liability excl. tax liabilities

Change in other balance sheet items

Change in goodwill and other intangible assets

Other cash-neutral income and expenses and adjustments to the result of the period¹

Cash flow from operating activities

Cash inflow from the sale of associated companies

Payments for the acquisition of subsidiaries

Cash inflow from the sale of available for sale securities

Payments for the acquisition of available for sale securities

Cash inflow from disposals/repayments of held to maturity securities

Payments for the addition of held to maturity securities

Cash inflow from the sale of land and buildings

Payments for the acquisition of land and buildings

Cash inflow for the sale of intangible assets

Payments for the acquisition of intangible assets

Change in unit-linked and index-linked life insurance items

Change in other investments

Cash flow from investing activities

Cash inflow from subordinated liabilities

Cash outflow from subordinated liabilities

Dividend payments

Cash inflow from other financing activities

Cash outflow from other financing activities

Cash flow from financing activities

Change in cash and cash equivalents

Cash and cash equivalents at beginning of period²

Change in cash and cash equivalents

Additions/disposals from change in consolidation method

Effects of foreign currency exchange differences on cash and cash equivalents

Cash and cash equivalents at end of period²